The Democratic Republic of Congo (Congo DR) government announced it will delay the 4,800 MW Inga-3 hydroelectric project until 2024-2025 instead of 2020-2021. The project is expected to cost US$14bn and is struggling to attract financing. The World Bank suspended its funding in 2016 over transparency concerns.
In June 2017, Congo DR's authorities asked the final bidders to submit a joint bid. One of them is led by China Three Gorges Corporation and the another one includes Spain's ACS (Actividades de Construcción y Servicios SA).
The Inga-3 project will be located on the Congo river next to the already existing Inga-1 and Inga-2 dams. It is part of the eight-stage Grand Inga project that is expected to produce a record 44,000 MW. The 4,800 MW project capacity is primarily meant to support the future power exports to South Africa (52% of the output), then for Congo DR's mining sector (27%) and the remaining for the domestic power demand.
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